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Forex trading is different from ordinary investment and gambling, so you
cannot say you gambled right or wrong. Forex trading is an art / accurate science;
you just need to know what is happening in the global forex market.
Know the trend and use common scenes
Trends in foreign exchange markets play an essential role in determining
whether the trader had lost or gained. However, even if you know the trend in
the forex market you will still fail unless you know when to enter and when
there is the right time to trade. Like most traders that want to buy at the
lowest prices and sell at the highest possible price are also true but not all experts
for this strategy.
Have a sorted out strategy that works
What you need is a clear strategy when trading forex. If you depend on luck
you will not be very successful. Perhaps you will start to suffer from "Gambler
mind" a syndrome, which means you lost so many times and now it's time to
win. That Way you're only digging a dipper losses hole. You must learn the
basics of forex trading in order to show some profit.
See what your options are
Today many binary options brokers also give you the option of Forex
trading and they provide many tips and offer a free Demo account (like AvaTrade) so you can
trade with virtual money before you start trading in the "real world".
Once you feel comfortable with Demo account, you can open a real account and
start investing relatively small amounts. It is not a good practice to trade
large amounts at the beginning of your trading path.
Leave the game while you can
You cannot stay and continue to put in money when you are not making any
profits. When get bad signals it is time to quit the game and do not try to see
where your luck gets you. Keep in mind this is closer to an exact science than
a game of chance.
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